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Axis Bank Ltd view for Intraday 9th September #AXISBANK👑👑AXISBANK👑👑
Axis Bank Ltd view for Intraday 9th September #AXISBANK
Buying may witness above 1170
Support area 1160. Below ignoring buying momentum for intraday
Selling may witness below 1145
Resistance area 1160Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
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support and resistance levels for ICICI Bank# we mark Support and Resistance on the charts so you can check..
Pivot: ₹1,208.15
First resistance: ₹1,226.37
Second resistance: ₹1,244.58
Third resistance: ₹1,255.27
Daily support levels: ₹1,098.73, ₹1,091.82, ₹1,084.18
Daily resistance levels: ₹1,113.28, ₹1,120.92, ₹1,127.83
Support and resistance levels are price chart levels that appear to limit the market's range of movement. The support level is where the price stops falling and bounces back up, while the resistance level is where the price stops rising and dips back down.
EURUSD // Levels // 2 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Support Levels:
1.1060: This level has shown strong support recently.
1.1000: Another significant support level, often considered a psychological barrier.
Resistance Levels:
1.1140: A key resistance level that has been tested multiple times.
1.1200: Another resistance level to watch, as it has capped the price in the past
RELIANCE1! // Levels // 2 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Support Levels:
2950 INR: This level has shown strong support in recent sessions.
2900 INR: Another significant support level, where buyers have previously stepped in.
Resistance Levels:
3050 INR: A key resistance level that has been tested multiple times.
3100 INR: Another resistance level to watch, as it has capped the price in the past.
Latest gold analysis☘️Fundamental Analysis
Gold prices witnessed an intraday reversal from an all-time high and fell below the psychological $2,500 level after the release of key US monthly employment data on Friday. The mixed US employment report reduced the chances of the Federal Reserve (Fed) cutting interest rates by 50 basis points, which prompted some cover in the US dollar (USD) prices and weighed on the precious metal.
That said, concerns about a US recession dampened investors’ appetite for riskier assets and acted as a driver for safe-haven Gold prices. Additionally, the lack of progress in ceasefire talks between Israel and Hamas became another factor supporting XAU/USD during the Asian session on Monday. This warrants caution for bearish traders amid the prospect of an impending Fed rate cut cycle.
☘️Technical Analysis
Gold is below the 2500 round port level, in fact this port area is no longer strong enough to push gold prices lower. The area of interest in today's European session is around the 2507 Fibonacci 0.5 retracement zone and the 2512 Fibonacci final extension zone. These are two areas of interest for a SELL plan. When 2512 is broken, the downtrend on Friday is reversed. The main candle h4 is broken and ATH comes early this week, the expected level is 255x. The 2331 area is no longer valuable when gold pushes up. The opposite direction is the 2470-2460 2433 area playing an important support role.
🌸Trading signal
SELL zone 2505 - 2507 Stoploss 2511
BUY zone 2484 - 2482 Stoploss 2479
BUY zone 2473 - 2471. Stoploss 2467
HINDALCO Support and Resistance HINDALCO is currently in negative trend. If you are holding short positions then continue to hold with daily closing stoploss of 685. Fresh long position can be initiated if HINDALCO closes above 685 levels.
HINDALCO Support 663 - 658 - 651
HINDALCO Resistance 674 - 681 - 686